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RapNet Members Say ‘No’ to Synthetics
The RapNet community has voted overwhelmingly againstintroducing services for the lab-grown-diamond sector. Members voted by 79% to 21% against the trading platformlisting synthetics on the site. They also rejected a lab-grown pricelist, with 74%...
Mining Jun 03, 2019 Rapaport News
RapNet Introduces Jewelry Trading
RAPNET PRESS RELEASE, February 4, 2019,Las Vegas… RapNet, the world’s largest diamond trading network, announcesthe introduction of jewelry into its global trading network. RapNet members cannow upload jewelry images and data, perform...
Polished Markets Feb 04, 2019 Rapaport
De Beers Botswana 150
De Beers, Botswana Prep for New Sales Deal
Botswana once again finds itself at a crossroads. The sparsely populated,landlocked country is in a constant battle to ensure the longevity of itsdiamond industry.Recognizing that diamond mining will not last forever, thegovernment’s beneficiation program has sought to establish...
Mining Jul 09, 2018 Avi Krawitz
Diamond Dealers Club Opens New Trading Floor
The Diamond Dealers Club (DDC) of New York hasmoved into its new home in the International Gem Tower. The opening event at the upgradedpremises was the seventh India Diamond Week, which attracted more...
Polished Markets Jan 28, 2018 Rapaport News
Neil Ventura 3
De Beers Names New Strategy Chief
De Beers has appointed Neil Ventura as vice president of strategy and innovation, following the departure of Gareth Mostyn in October. Ventura (pictured, left), who headed the miner’s rough auction business for the past decade,...
Mining Dec 07, 2017 Rapaport News
Diamond cutting
India Opens Diamond-Futures Exchange
The Indian Commodity Exchange (ICEX) haslaunched the world’s first diamond-futures trading contract to help theindustry avoid losses when polished prices fluctuate.Online trading of 1-carat diamondsthrough ICEX began on August 28, the exchange said...
Polished Markets Sep 03, 2017 Rapaport News
ALROSA Diamond Grading
ALROSA Pushes Off Investment-Diamond Project
ALROSA has delayed plans to launch an investment-diamondtrading platform on the Moscow Exchange.The platform, which was initially due to start in lateApril, has been postponed until the summer, a spokesperson for the miner told RapaportNews in an email...
Financial-Legal Mar 09, 2017 Rapaport News
India cutting
India’s Diamond Trade Bounces Back
Diamond trading in India improved in January, according to officialdata, as the country’s manufacturing sector continues to recover from aliquidity squeeze in the final months of last year.Imports of rough diamonds, an indicator of demand from India’s largecutting-and-polishing sector, jumped...
Rough Markets Feb 21, 2017 Joshua Freedman
marquise diamond
India Approves Diamond-Futures Trading
Trading in diamond futures is on course to launch inMarch after the Securities and Exchange Board of India (SEBI) gave its in-principleapproval for the platform. The decision, which is still subject to certain regulatoryapprovals, comes after the...
Retail Jan 09, 2017 Rapaport News
India Close to Introducing Diamond Futures
The Indian Commodity Exchange (ICEX) is set to launch trading of diamond futures with a view to helping the industry hedge against wildfluctuations in polished prices.Investors will buy diamond futures on ICEX in a formatsimilar to commodities exchanges such as Comex,...
Financial-Legal Jan 05, 2017 Rapaport News
Antwerp Beurs Voor Diamanthandel
New Law Likely to Triple Belgium Trade's Tax Bill
Belgium’s diamond trade can expect to pay at least three times more tax per year as a new fiscal regime is set to be passed into law by the end of the year.Under the proposed ‘Carat Tax,’ the tax...
Financial-Legal Aug 02, 2016 Rapaport News
Polished Diamonds
Singapore Diamond Investment Exchange Launches
Trading has started on the Singapore Diamond InvestmentExchange (SDiX), the world’s “first” commodity exchange for physically-settleddiamonds.The introduction on May 5 “represents the most significant change inglobal diamond trading practices in hundreds of years,” according to SDiX,which...
Polished Markets May 05, 2016 Rapaport News
IDE Logo
IDE Set for Second Polished Fair on October 28
The Israel Diamond Exchange (IDE) said it will hold its second polished diamond fair on October 28 after deciding to make the event into a regular fixture on the bourse calendar.In July, some 60 Israeli diamond companies...
Polished Markets Oct 14, 2015 Rapaport News
Diamond District
U.S. Polished Diamond Imports -3% in May
U.S. polished diamond imports fell 2.9 percent year on year to $3.016 billion in May, which is typically the highest value month for diamond imports due to the trade shows in Las Vegas. Diamond imports by weight...
Polished Markets Jul 07, 2015 Jeff Miller
Ellendale Mine
Kimberley Diamonds Suspends Ellendale Operations
Kimberley Diamonds Ltd. placed its subsidiary, Kimberley Diamond Company (KDC) Pty., which operates the Ellendale diamond mine, into voluntary administration and suspended the mine's operations. The company made a point to state...
Mining Jul 01, 2015 Jeff Miller
Israel Diamond Exchange
Registration Opens for Intl. Diamond Week in Israel
The Israel Diamond Exchange (IDE) opened registration for the upcoming summer edition of the International Diamond Week, to be held in Ramat Gan from August 31 to September 4, 2015. Registered and confirmed buyers will be offered three...
Polished Markets Jun 19, 2015 Jeff Miller
Antwerp Beurs Voor Diamanthandel
Belgium's Polished Diamond Exports -16% in May
Belgium's polished diamond exports dropped 15.5 percent year on year to $1.061 billion in May, according to data provided by the Antwerp World Diamond Centre. By volume, polished exports slipped 12.5 percent to 486,639 carats. Polished imports...
Polished Markets Jun 12, 2015 Jeff Miller
Antwerp Flag
Antwerp Reveals Very Little About Proposed Carat Tax
Over the course of the past couple of months, many theories have emerged about Belgium's pending "Carat Tax." If approved by the European Commission, this new fiscal law would tax diamond firms' turnover at 0.55...
Financial-Legal Jun 11, 2015 Marc Goldstein
AWDC, Diamond Admin. of China Sign Cooperative Agreement
The Antwerp World Diamond Centre (AWDC) and the Diamond Administration of China (DAC) have signed a memorandum of understanding that aims to reinforce cooperation between the two diamond centers. The agreement was signed at an Antwerp-Shanghai...
Marketing Jun 04, 2015 Jeff Miller
U.S. Jewelry, Watch Sales -2% in April
U.S. jewelry and watch sales across all channels fell 1.5 percent year on year to $5.427 billion in April, as estimated from preliminary government figures. According to Rapaport News calculations, jewelry sales dropped 1.4 percent...
Research Jun 02, 2015 Jeff Miller
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